Sanctuary Advisors LLC Reduces Holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Sanctuary Advisors LLC decreased its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 5.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,173 shares of the construction company’s stock after selling 194 shares during the quarter. Sanctuary Advisors LLC’s holdings in Sterling Infrastructure were worth $534,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Chartwell Investment Partners LLC lifted its holdings in Sterling Infrastructure by 0.8% during the third quarter. Chartwell Investment Partners LLC now owns 8,958 shares of the construction company’s stock valued at $1,299,000 after purchasing an additional 70 shares during the last quarter. Willis Investment Counsel lifted its stake in shares of Sterling Infrastructure by 1.4% during the 4th quarter. Willis Investment Counsel now owns 7,535 shares of the construction company’s stock valued at $1,269,000 after buying an additional 101 shares in the last quarter. Quarry LP boosted its holdings in Sterling Infrastructure by 510.7% in the 3rd quarter. Quarry LP now owns 171 shares of the construction company’s stock worth $25,000 after buying an additional 143 shares during the period. Aprio Wealth Management LLC grew its stake in Sterling Infrastructure by 5.4% in the 4th quarter. Aprio Wealth Management LLC now owns 3,161 shares of the construction company’s stock valued at $532,000 after buying an additional 161 shares in the last quarter. Finally, Capital Performance Advisors LLP bought a new stake in Sterling Infrastructure during the 3rd quarter valued at $26,000. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Insider Transactions at Sterling Infrastructure

In related news, Director Dana C. O’brien sold 2,000 shares of Sterling Infrastructure stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $175.89, for a total transaction of $351,780.00. Following the completion of the sale, the director now owns 25,901 shares of the company’s stock, valued at approximately $4,555,726.89. This trade represents a 7.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. William Blair began coverage on Sterling Infrastructure in a report on Friday, January 17th. They issued an “outperform” rating for the company. DA Davidson raised Sterling Infrastructure from a “neutral” rating to a “buy” rating and set a $185.00 price objective on the stock in a report on Thursday. Finally, StockNews.com raised Sterling Infrastructure from a “hold” rating to a “buy” rating in a report on Thursday, February 20th.

Sterling Infrastructure Stock Performance

Sterling Infrastructure stock opened at $127.21 on Friday. Sterling Infrastructure, Inc. has a 1-year low of $93.50 and a 1-year high of $206.07. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $3.91 billion, a PE ratio of 21.49, a price-to-earnings-growth ratio of 1.28 and a beta of 1.24. The firm’s 50 day simple moving average is $155.22 and its 200 day simple moving average is $154.79.

Sterling Infrastructure Company Profile

Sterling Infrastructure, Inc engages in the provision of e-infrastructure, transportation, and building solutions primarily in the United States. It operates through three segments: E-Infrastructure Solutions, Transportation Solutions, and Building Solutions. The E-Infrastructure Solutions segment provides site development services for the blue-chip end users in the e-commerce distribution center, data center, manufacturing, warehousing, and power generation sectors.